Who owns a credit union?

Understanding Banks and Credit Unions

Interactive Video
•
Business
•
7th - 10th Grade
•
Hard

Ethan Morris
FREE Resource
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5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Its members
Shareholders
The government
Private investors
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why do banks generally have higher fees?
To offer better services
To compete with credit unions
To satisfy shareholder profit demands
To attract more customers
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key financial advantage of credit unions?
More affordable services for members
Higher interest rates on loans
Less focus on customer needs
More fees for transactions
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who typically makes big decisions in banks?
The government
The bank's members
External parties
The local community
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does membership in a credit union imply?
No say in operations
Higher fees
Ownership and influence
Limited financial services
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